Transcription of Indian Banking Sector Challenges and Opportunities
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Indian Banking Sector Challenges and Opportunities
IOSR Journal of Business and Management (IOSR-JBM). e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 16, Issue 2. Ver. I (Feb. 2014), PP 52-61. Indian Banking Sector Challenges and Opportunities Dr. K. Ratna Manikyam Lecturer, Department of Commerce, Sri Government College PALAKOL 534260, Dist., , India _____. Abstract: The economic reforms initiated by the Government of India about two decades ago have changed the landscape of several sectors of the Indian economy. The Indian Banking Sector is no exception. This Sector is going through major changes as a consequence of economic reforms. The role of Banking industry is very important as one of the leading and mostly essential service Sector . India is the largest economy in the world having more than 120 crore population. Today in India the service Sector is contributing half of the Indian GDP. and the Banking is most popular service Sector in India. The significant role of Banking industry is essential to speed up the social economic development.
Indian Banking Sector – Challenges and Opportunities www.iosrjournals.org 54 | Page Phase II- Era of Nationalisation and Consolidation (1955-1990)
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